Housing costs in Richmond?
A typical home costs
$338,800, which is 0.2% more expensive than the national average of
$338,100 and 1.3% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Richmond costs
$1,530 per month, which is 9.3% more than the national average of
$1,400 and 13.1% more than the state average of
$1,330.
Can I afford Richmond?
To live comfortably in Richmond (zip 23173), Virginia, a minimum annual income of
$64,800 for a family, and
$54,400 for a single person is recommended.
What does A.I. say about Richmond?
Living in 23173 Richmond, VA is quite affordable. The median home value is $204,800, which is lower than the national average of $231,200. Renters can expect to pay an average of $1,250 a month for a one-bedroom apartment or $1,600 for a two-bedroom unit. With an overall cost of living index of 91.2 (vs 100 for the national average) Richmond offers a great opportunity for those looking to save some money while still enjoying all that this beautiful city has to offer. Groceries, healthcare and transportation costs are also relatively low compared to other major cities in the United States.